SBIT ProShares UltraShort Bitcoin ETF Forecast, Technical & Fundamental Analysis
The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Galaxy Bitcoin Index... Show more
Momentum Indicator for SBIT turns negative, indicating new downward trend
SBIT saw its Momentum Indicator move below the 0 level on June 27, 2025. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 20 similar instances where the indicator turned negative. In of the 20 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SBIT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where SBIT's RSI Oscillator exited the oversold zone, of 4 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Moving Average Convergence Divergence (MACD) for SBIT just turned positive on May 28, 2025. Looking at past instances where SBIT's MACD turned positive, the stock continued to rise in of 8 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SBIT advanced for three days, in of 63 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 27 cases where SBIT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
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General Information
Category Digitalccurrency
SBIT and ETFs
Correlation & Price change
A.I.dvisor tells us that SBIT and ETHE have been negatively correlated (-77% of the time) for the last year. This A.I.-generated data suggests there is some statistical probability that SBIT and ETHE's prices could move in opposite directions.
| Ticker / NAME | Correlation To SBIT | 1D Price Change % | ||
|---|---|---|---|---|
| SBIT | 100% | +1.41% | ||
| ETHE - SBIT | -77% Negatively correlated | -0.89% | ||
| GBTC - SBIT | -98% Negatively correlated | -0.86% | ||
| FBTC - SBIT | -99% Negatively correlated | -0.71% | ||
| ARKB - SBIT | -99% Negatively correlated | -0.73% | ||
| IBIT - SBIT | -99% Negatively correlated | -0.69% |